COMMERCIAL SCENE : Palmdale Shopping Center Sold for $11,225,000

Bonutto Hofer Investments and Dover Investment Properties recently purchased the Palmdale Place shopping center for $11,225,000 from the Riley/Pearlman Co. and joint partner Downey Savings & Loan.

The 164,000-square-foot center on the northwest corner of Palmdale Boulevard and 25th Street East, is anchored by Albertson’s, Thrifty Drug Store and H & E Improvement Center.